West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 17, 2025 is estimated to be $280 Million, with a cash option of 126.1 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Jun 17, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 17, 2025	$280,000,000	$126,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,100,000
Federal Tax(24%)	$30,264,000
Additional Federal Tax	$16,353,330
State Tax(6.5%)	$8,196,500
Net Lumpsum Payment	$71,286,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,214,280	-$1,519,614 -$273,928	$2,420,738
2	$4,425,120	-$1,597,625 -$287,633	$2,539,862
3	$4,646,320	-$1,679,469 -$302,011	$2,664,840
4	$4,878,720	-$1,765,457 -$317,117	$2,796,146
5	$5,122,600	-$1,855,692 -$332,969	$2,933,939
6	$5,378,800	-$1,950,486 -$349,622	$3,078,692
7	$5,647,600	-$2,049,942 -$367,094	$3,230,564
8	$5,930,120	-$2,154,475 -$385,458	$3,390,187
9	$6,226,640	-$2,264,187 -$404,732	$3,557,721
10	$6,538,000	-$2,379,390 -$424,970	$3,733,640
11	$6,864,760	-$2,500,292 -$446,209	$3,918,259
12	$7,208,040	-$2,627,305 -$468,523	$4,112,212
13	$7,568,400	-$2,760,638 -$491,946	$4,315,816
14	$7,946,960	-$2,900,706 -$516,552	$4,529,702
15	$8,344,280	-$3,047,714 -$542,378	$4,754,188
16	$8,761,480	-$3,202,078 -$569,496	$4,989,906
17	$9,199,400	-$3,364,108 -$597,961	$5,237,331
18	$9,659,440	-$3,534,323 -$627,864	$5,497,253
19	$10,142,440	-$3,713,033 -$659,259	$5,770,148
20	$10,649,520	-$3,900,653 -$692,219	$6,056,648
21	$11,182,080	-$4,097,700 -$726,835	$6,357,545
22	$11,741,240	-$4,304,589 -$763,181	$6,673,470
23	$12,328,120	-$4,521,735 -$801,328	$7,005,057
24	$12,944,680	-$4,749,862 -$841,404	$7,353,414
25	$13,591,760	-$4,989,282 -$883,464	$7,719,014
26	$14,271,600	-$5,240,822 -$927,654	$8,103,124
27	$14,985,040	-$5,504,795 -$974,028	$8,506,217
28	$15,734,320	-$5,782,029 -$1,022,731	$8,929,560
29	$16,521,120	-$6,073,145 -$1,073,873	$9,374,102
30	$17,347,120	-$6,378,765 -$1,127,563	$9,840,792